OUE REIT prices $150m green notes due 2032

Proceeds will fund green projects.

OUE Real Estate Investment Trust (OUE REIT) has priced a $150m offering of 2.75% green notes due 2032 through its subsidiary OUE REIT Treasury Pte. Ltd.

The notes, guaranteed by DBS Trustee Limited in its capacity as trustee of OUE REIT, will be issued under the REIT’s $2b Euro Medium Term Note Programme.

The issuance is expected on 8 October 2025, with listing and quotation on the Singapore Exchange (SGX-ST) targeted for 9 October 2025.

The notes, issued at par, carry a coupon of 2.75% per annum, payable semi-annually, and will mature on 8 October 2032. OUE REIT and the notes are rated “BBB-” by S&P Global Ratings.

Oversea-Chinese Banking Corporation Limited (OCBC) acted as sole global coordinator, while OCBC and DBS Bank Ltd. served as joint lead managers and bookrunners. OCBC also acted as green finance adviser to the issuer.

Net proceeds will be allocated to finance or refinance eligible green projects in line with OUE REIT’s Green Financing Framework (Nov 2023), which adheres to the ICMA Green Bond Principles (2021) and the LSTA Green Loan Principles (2023).

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